LONDON, Nov. 23 /PRNewswire/ -- Jack Morton Worldwide, the experiential marketing agency, was appointed to create and produce a global internal event designed to launch Statoil's new vision and visual identity.

StatoilHydro (NYSE: STO, OSE: STL), the second largest natural gas supplier to Europe and Chesapeake Energy Corporation (NYSE: CHK), the largest US natural gas producer, today announced the signature of a strategic agreement to jointly explore unconventional gas opportunities worldwide.

StatoilHydro, an integrated oil and gas company, has reported net income of NOK16 billion for the first quarter of 2008, compared to net income of NOK9.9 billion for the same quarter of 2007.

Norwegian integrated energy firm StatoilHydro has signed agreements with Venezuelan state-owned oil major PDVSA to quantify the reserves of the 593 square kilometer Junin 10 block in the Orinoco belt and also conduct a developmental study of the block.

By Bloomberg, AP and Staff Reports Statoil ASA will increase efforts to produce more oil in Norway's home waters, even as it expands exploration worldwide, the company's chief executive said Thursday in Oslo.